Iraq Business News brings you the latest news on developments and opportunities in Iraq’s public works.
French energy infrastructure firm Alstom signed a memorandum of understanding with Iraq on Wednesday to build a power plant in southern Iraq, which is suffering a severe electricity shortfall. According to a report from AFP, Alstom is also set to renovate an existing power plant in the city of Najaf that it built 35 years […]
The Wassit [Wasit] council signed a contract on Tuesday for the building of residential units and an 80 MW power station, according to the council’s vice president. “The council signed a contract at the Kut Investment Commission with the Turbat al-Rafideen company to set up a power station with a production capacity of 80 MW, […]
On Tuesday, Basra Council discussed projects which will be implemented in 2011, according to a head of the reconstruction committee. The projects are in several budgetary categories and have a total value of 286 billion Iraqi dinars ($240m). “The council made a comprehensive assessments of all projects for 2011 in the areas of health, electricity, […]
VSE Corporation (NASDAQ GS: VSEC) reported on Monday that the Global Division of its International Group has been awarded a $10 million delivery order to provide material and technical support for the Iraqi Navy at Umm Qasr, Iraq. The scope of work includes outfitting a new Ship Repair Facility with the industrial equipment required to […]
The head of the investment and strategy committee of Dhi Qar provincial council, Ahmad Taha, announced that a new round of investment licenses will be awarded soon to foreign and Arab firms. The licensing round will include waste recycling, environment, electricity and gas stations projects. Al SumariaTV also reported that "oil refineries will be established […]
The Iraqi Industry Ministry has ordered its factories to work on generating electricity required for production, to minimize the load on the national electricity network. The ministry noted that power shortage is causing losses to its factories. “The ministry has issued contracts to purchase large generators for this purpose,” the ministry said in a press […]
The government has given the green light to Iraqi provincial authorities to invest in power plants. The move comes amid reports that the central government has almost given up hope of revamping the national grid on its own. The move is also part of the government’s new policy to grant provincial authorities and private entrepreneurs […]
The Baghdad Mayoralty has allocated ID7 billion [$6m] to the Iraqi capital, the mayoralty said in a statement on Monday, received by Aswat al-Iraq news agency. “ID5 billion will be to develop infrastructure in Baghdad, and ID2 billion will be to purchase specialized equipment and laboratory devices,” the release said. It noted that the funds […]
The Ministry of Water Resources celebrated the opening of a major land reclamation project in Husseiniya, which is located on the East of the Euphrates River. Karbala's governor, Prof Amal Al-din Mejid Al-Herr, was also in attendance. A press statement issued by the ministry said that the project included a network of irrigation channels and […]
Iraq’s oil minister said on Tuesday that recent statements made by some politicians regarding the investment plan over the past four years are incorrect. "80 per cent of the budget is spent to pay the salaries of the employees and retired people, and to security forces and the health sector, while 20% was allocated to […]
A Dutch firm has proposed an electricity investment project to local authorities in Basra province, southern Iraq. “The proposal includes the construction of a new power stations in Basra,” the province’s Governor, Shaltagh Aboud al-Mayiah, told Aswat al-Iraq news agency on Wednesday. He noted that the local authorities in Basra allocate greater importance to electricity […]
The office of General Inspector in Iraq Ministry of Planning and Development said that 146 companies and contractors were added to their black list for submitting falsified documents, according to Al SumariaTV. Meanwhile, 4 employees were suspended for submitting false documents. An official source from the General Inspector's office said that it reassessed the official […]
